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to increase automatically. president obama wants to spend more on education. that's tough. so these cuts go into effect, but they might find very quickly that it's very difficult to actually implement them. >> last thing here to you, chris, we're hearing about a couple of senators not going to be -- not going to seek re-election. talking about harkin, saxby chambliss. chambliss cited the gridlock in washington as part of the reason him wanting to step away. get your reaction to both of these men not seeking re-election. and also what are your thoughts on chambliss actually citing what's happening in washington as part of the reason for him wanting to get out of there? >> i think what we're seeing right now is a generational change in washington. chambliss and harkin and guys like that are part of that change. and it's interesting particularly in chambliss's case as you point out he does cite the partisan gridlock. but he's also part of that old republican guard. he's very close friends with house speaker john boehner for example. i think you're going to see as the republican party changes s
obama is calling for. the red is where spending is going. spending is the problem, revenues are not the problem. if you keep chasing them they will hurt economic growth, shut down the economy and won't get the budget balanced. >> what i heard the president say was programs like social security and medicare and med aid critically important for our future and we need to have a bipartisan commitment to make them work. bob and i have been in a lot of meetings talking about deficit reduction. we need reform in the programs that mean they will live on to serve future generations. that's the message i took from the president. >> referring to bob corker to the left of the screen. the president has a full plate. not just the budget but the issue of guns, and this week he heads to las vegas for a speech about overhauling immigration. so the second term is already kicking off with plenty on his plate. >> all right. peter alexander, white house correspondent, thank you so much. >>> we want to turn now to our discussion this morning. bring in a reporter for "politico," anna -- and perry
there. and the story is basically this, folks. it's in the journal, which is that part of obama care allows caps on precipitation drug spending, and some unions, apparently, are just realizing this. and they're pushing back on the administration to make sure they don't have these caps, because they're saying, that's going to drive up our medical costs, our health care costs, more than we thought, which means, we're going to be less competitive in the marketplace. so according to the journal, the unions are pushing back on the obama administration about this cap. and they're asking for federal subsidies on top of their work insurance. >> all right. and let's talk about facebook now. they've just had a brutal year. but some pretty good news in the fourth quarter. >> hey, the stock is up 70%, 7-0, since september, joe. mobile ad revenue is up. that's what everyone wants to see. 70% the stock is up since september. mobile ad revenue up 23%, which is accelerating. look around the table, okay. mika with her iphone, iphone -- >> soon to be samsung. >> barnicle, you've got an abacus, i've go
battles between president obama and republicans are mostly budget focused. on march 1 one month from this friday sequester cuts kick in. it is $1.2 trillion. those are cuts to military and discretionary spending. paul ryan says don't expect a last minute deal or any deal at all. >> i think the sequester is going to happen because that $1.2 trillion in spending cuts we can't lose those. >> joining me now lynn sweet and david who covers the white house for the washington post. good sunday to both of you. let's start with the claim from paul ryan. $1.2 trillion in cuts said to take effect march 1. paul ryan indicating this time there will be no 11th hour deal. >> it is just a bargain position and it is not going to necessarily unfold that way. there are no absolute right now. it is early in yet another chapter of the on going rangles we have been having. so i would put no more into it. it is a prediction and i don't think either side has anything to gain. remember the virginia economy, a lot of places very dependent on defense and other industries, neither side will look good if they ca
't touch. this political negligence suggests that obama has chosen to ignore negative budget projections, credit downgrades, falling revenues and perpetual increases in mandatory spending. instead, the president is teeing up partisan legislative battles with republicans in hopes of -- but as a measurement of the president's seriousness, his second inaugural address can only be seen as a grand failure that missed yet another historic opportunity to call americans together in the name of shared sacrifice. and richard haass, there is another opportunity, which would be the state of the union which i'm sort of banking on. >> traditionally inaugurals are the poetry, and then the state of the union becomes the prose. and the president did not prepare for educate the american people about some of the tough decisions to come, particularly on medicare and medicaid. so the real question going forward for the state of the union is whether he essentially addresses that. and whether he -- because we've still got more than, i think, more than $2 trillion in serious cuts to be made to entitlements over
Search Results 0 to 4 of about 5

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